Nicholson Wealth Management Group LLC Grows Stock Holdings in The Home Depot, Inc. (NYSE:HD)

Nicholson Wealth Management Group LLC lifted its position in shares of The Home Depot, Inc. (NYSE:HD) by 39.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,892 shares of the home improvement retailer’s stock after purchasing an additional 1,389 shares during the period. Home Depot accounts for about 1.3% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 10th biggest position. Nicholson Wealth Management Group LLC’s holdings in Home Depot were worth $1,903,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot in the fourth quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in Home Depot in the third quarter worth about $41,000. Sugar Maple Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth about $41,000. Finally, Finley Financial LLC bought a new stake in Home Depot in the fourth quarter worth about $59,000. 70.86% of the stock is owned by institutional investors.

Home Depot Price Performance

HD stock opened at $394.63 on Friday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The Home Depot, Inc. has a one year low of $323.77 and a one year high of $439.37. The stock has a market cap of $392.01 billion, a PE ratio of 26.81, a P/E/G ratio of 4.12 and a beta of 1.05. The firm has a 50 day simple moving average of $402.77 and a two-hundred day simple moving average of $397.00.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Truist Financial lifted their target price on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Evercore ISI lifted their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $433.44.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.